HDFC Moneyback Credit Card

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What is the HDFC MoneyBack Credit Card?

The HDFC MoneyBack credit card is a unique cashback credit card that enables you to earn cash back and reward points on specified transactions. You can redeem the cash back and reward points against your statement balance to reduce your credit card outstanding bill amount. Alternatively, you can also use the accumulated cash back and reward points to make flight or hotel bookings, purchase products or vouchers online on HDFC Bank’s SmartBuy platform.

In addition to this, there are other HDFC MoneyBack credit card benefits, such as a spend-based waiver, contactless payments, gift vouchers for achieving milestone spends and a fuel surcharge waiver, among others.

Features and Benefits of the HDFC MoneyBack Credit Card

Here’s a quick look at some of the key HDFC MoneyBack credit card features and benefits that you will get to experience when you own this credit card.

Nominal Annual Fee

The annual fee for the HDFC Bank MoneyBack credit card is very nominal, coming in at just ₹500 plus GST.

Welcome Reward

A joining bonus of 500 CashPoints will be credited to your card account upon payment of the first-year annual fee.

Milestone Benefit

You stand to receive a gift voucher worth ₹500 every quarter, provided you spend at least ₹50,000 during the said quarter. You can earn a maximum of up to ₹2,000 worth of gift vouchers in a year.

Reward Points

You get to earn 4 reward points for every ₹150 spent on all online transactions subject to a maximum limit of 500 reward points per billing cycle. On offline transactions, you get 2 reward points for every ₹150 spent on all categories except voucher purchases, prepaid card loads, wallet loads and fuel transactions.

Reward Point Redemption

You can redeem your accumulated reward points against your credit card outstanding balance or use the points to make purchases from the HDFC Bank SmartBuy online platform.

Fee and Surcharge Waivers

The annual fee of ₹500 plus GST for the second year will be waived if you spend at least ₹50,000 during the first year. Additionally, on fuel transactions ranging between ₹400 and ₹5,000, you get a 1% surcharge waiver subject to a maximum of ₹250 per billing cycle.

Contactless Payments

The built-in NFC chip in the HDFC MoneyBack credit card allows you to make contactless payments worth up to ₹5,000.

Zero Lost Card Liability

In the event of a loss of your card, you will not incur any liability for transactions made on your card as long as you report the incident to the 24x7 HDFC credit card customer care immediately.

Smart EMI

You can pay for large purchases in small, equated and affordable monthly instalments using the Smart EMI option of the HDFC Bank MoneyBack credit card.

Eligibility & Documentation for HDFC MoneyBack Credit Card

1. Eligibility Criteria

If you are an NRI or an Indian resident, you are eligible to avail a MoneyBack credit card. Apart from that, here are the criteria you need to meet to apply for the card:

You should be above 21 years but under 60 years, 65 if self-employed
Monthly income should be at least ₹25,000, if salaried
Annual ITR filing of >₹6,00,000, if self-employed

2. Documents Required

Coloured photographs
ITR with financial statement
ID proof
Address proof
Copy of PAN card (Form 60 if PAN is not available)

Offers and Rewards on the HDFC MoneyBack Credit Card

The HDFC MoneyBack credit card offers exciting rewards for different categories of transactions. Here’s a quick look at some of the key offers and rewards that you will get with this credit card.

Particulars	Rewards
Welcome Bonus	500 CashPoints (credited only on payment of the joining fees)
Spend-Based Benefits	Gift voucher worth ₹500 every quarter on spending ₹50,000 or more during the said quarter
Spend-Based Waiver	Second-year annual fee waiver on spending ₹50,000 during the first year
Reward Points	4 reward points for every ₹150 spent on online transactions 2 reward points for every ₹150 spent on all offline transactions except fuel, prepaid card or wallet loads and voucher purchases
Reward Point Redemption Rate	Redemption of reward points against the credit card statement balance - 1 reward point = ₹0.20 Redemption of reward points on the HDFC SmartBuy Portal - 1 reward point = ₹0.25
Dining Rewards	Up to 20% discount on restaurant bill payments made through Swiggy Dineout
Card Protection Plan	Zero liability for lost cards as long as the loss is reported to HDFC Bank’s 24x7 credit card helpline
Fuel Surcharge Waiver	1% fuel surcharge waiver on fuel transactions worth between ₹400 and ₹5,000 (subject to a maximum of ₹250 per billing cycle)

Reward Points on HDFC Moneyback Credit Card

Here is an overview of the reward points you can earn with your MoneyBack credit card:

Get 500 points as a welcome benefit upon paying the membership fee
Earn 2 points for every ₹150 spent on offline, retail purchase (except fuel or voucher)
Earn 2X points for every ₹150 spent online (up to 500 points every billing cycle)

Keep in mind that reward points earned are valid for 24 months from the date of receiving.

Steps to Redeem Your HDFC Moneyback Credit Card Reward Points

You can redeem the reward points on your MoneyBack credit card in the following ways:

Against the billing statement at the value of ₹0.20 for every point
At SmartBuy Rewards Portal at a value of ₹0.25 for every reward point
Travel booking (flights and hotels) up to 50% of the transaction value
Pay up to 70% with points for select product and voucher purchases
Redeem as cashback

Keep in mind that to redeem against your billing statement, you will need to have at least 2500 points. Additionally, there is a redemption fee for every request, except cashback. You can confirm the same while applying.

Other Similar Credit Cards

There are plenty of other credit cards with features and benefits that are similar to the HDFC Bank MoneyBack credit card. Check out the table below for an overview of other similar credit cards.

Credit Card	Joining / Annual Fee	Key Highlights
IRCTC SBI Platinum Card	₹500 plus GST (one-time joining fee) ₹300 plus GST (annual fee)	10% value back in the form of reward points on booking AC First Class, AC 2-Tier, AC 3-Tier and AC Chair Car tickets on the IRCTC website and app.
ICICI Bank Coral Credit Card	₹500 plus GST	2 reward points for every ₹100 spent on all transactions except utility bills and insurance payments
SimplyCLICK SBI Credit Card	₹499 plus GST	10 reward points for every ₹100 spent online at exclusive partner stores such as Eazydiner, Netmeds, BookMyShow, Cleartrip and Apollo 24x7
HSBC Smart Value Credit Card	Nil	3 reward points for every ₹100 spent on online, dining and telecom transactions
Standard Chartered Platinum Rewards Credit Card	₹250 plus GST (one-time joining fee)	5 reward points for every ₹150 spent on dining and fuel transactions

How to Apply for the MoneyBack Credit Card by HDFC Bank

You can apply for HDFC MoneyBack credit card directly at the official portal of the bank. Once on the page, you will be required to verify your identity and then choose the card you want. Post that, all you have to do is enter the details, review and submit.

Upon submission, you will see an application ID, through which you can track the status of your application. Once approved, your credit card will be dispatched to the communicated address. Please note that HDFC Bank credit cards, including the MoneyBack credit card, are not available on the Bajaj Markets website.

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FAQs on HDFC MoneyBack Credit Card

The validity of reward points of the HDFC MoneyBack credit card is 24 months from the date of accrual.

You can make MoneyBack credit card bill payments through netbanking, cheque, cash, or at HDFC bank ATMs.

For revolving credit, the interest rate on MoneyBack credit cards is 3.60% per month (43.20% annual).

Yes, you can use this credit card anywhere in the world. Do note that international transactions may have additional charges applicable

The minimum income criteria depends on whether you are a salaried or self-employed applicant. If you earn a salary, you need a monthly income of minimum ₹25,000. If you are self-employed, you need to have filed an ITR with an annual income of more than ₹6 Lakhs.

The cash advance limit on your MoneyBack credit card will be 40% of your total credit limit.

The credit limit of the HDFC MoneyBack credit card will vary from one individual to another. This is because the bank determines the credit limit of the applicant only after taking multiple factors into account. These factors include the applicant’s age, credit score, employment status and average monthly income.